Stellar (CRYPTO:XLM) is a decentralized payment network that enables users to send and receive money quickly, easily, and affordably. It is powered by its native cryptocurrency, Lumen (XLM). Stellar uses a unique consensus mechanism called SCP (Stellar Consensus Protocol) to achieve fast and secure transactions. Stellar's operations are focused on enabling global financial inclusion and building a more equitable and efficient global financial system. The Stellar Development Foundation (SDF) is a non-profit organization that supports the growth and development of the Stellar ecosystem. Some of the key projects on Stellar include Stellar Bridge, Stellar Wallet and Stellar Pay SDK.
Asset tokenization: Stellar allows users to create and issue their own digital assets, such as stablecoins, security tokens, and loyalty points.
Global payments: Stellar allows users to send and receive money quickly, easily, and affordably anywhere in the world.
Institutional payments: Stellar is being used by financial institutions to make faster and more efficient payments.
Micropayments: Stellar's low transaction fees make it ideal for micropayments, such as paying for content or services online.
Programmable payments: Stellar's smart contracts allow users to create programmable payments that can be triggered by certain events, such as a business invoice being paid.
Remittances: Stellar is used by remittance providers to send money to people in developing countries quickly and cheaply.
